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213 NE Blvd Boulevard , Unit 213-215 Gainesville, FL 32601

$860,000
Active / MLS# GC544176 / Multi Unit - Multiple / Gainesville
9 Beds
4312 SqFt

Rare investment opportunity in Gainesville's highly desirable Duckpond Historic District! This income-producing quadplex offers four established rental units, approximately 4,312 square feet of living space, significant improvements, and exciting potential for future expansion. Situated on a spacious lot along picturesque NE Boulevard, this distinctive multifamily property combines historic charm, established rental income, and an exceptional location in one of Gainesville's most sought-after neighborhoods. Featuring a total of 9 bedrooms and 5 bathrooms across four separate residences, the property offers a versatile mix of two-bedroom apartments and a spacious three-bedroom, two-bath townhouse. Charming architectural details include beautiful parquet flooring, hardwood stairs, graceful archways, fireplace in unit 215C, spacious living areas, separate dining spaces, and inviting porches. Additional conveniences include central heating and air conditioning, separate electric meters, on-site laundry facilities with a washer and dryer, and designated parking for each residence. Recent improvements include a roof replacement in 2023 and exterior painting in 2025. Currently generating approximately $5,260 in monthly rental income, or $63,120 annually, the property provides four established income streams with additional investment potential. An especially appealing feature is the additional land behind the existing building, offering the possibility of future residential development. The seller previously explored constructing an additional two-story duplex, potentially increasing the property's rental income and long-term value. Any future construction is subject to applicable zoning, permitting, access requirements, historic district regulations, and governmental approvals. Location is a standout feature! Enjoy the charm of Duckpond's tree-lined streets, historic homes, and neighborhood character, with the beautiful Thomas Center and Gardens nearby. Just minutes from vibrant Downtown Gainesville, residents have convenient access to locally owned restaurants, coffee shops, boutiques, the Hippodrome Theatre, Bo Diddley Plaza, Depot Park, and the Cade Museum. The University of Florida, UF Health Shands Hospital, and Gainesville's major employment and educational centers are also conveniently accessible. This prime location offers an appealing combination of historic neighborhood living and urban convenience. Whether you're expanding your investment portfolio, seeking a 1031 exchange opportunity, or looking for a multifamily property with future growth potential, this Duckpond quadplex delivers a compelling combination of established income, recent improvements, distinctive character, and an outstanding Gainesville location. Don't miss this opportunity to own a unique income-producing property in the heart of Gainesville!

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Mortgage Calculator

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yearly (est.)
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Estimated Payment

$ 3,336.71 per month $2,212.88 Principal & Interest $873.00 Property Tax $250.83 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.29 Acres
Roof Type: Shingle
Taxes: $10,476
Year Built: 1938

Amenities

Ceiling Fans(s)
Primary Bedroom Main Floor
PrimaryBedroom Upstairs
Thermostat
Balcony

Feature Descriptions

Additional Rooms: Family Room, Formal Dining Room Separate
Annual Net Income: 45874.00
Appliances: Electric Water Heater, Range, Refrigerator
Directions: From E. University Avenue, head north on The Boulevard. The property will be on the right.
Exterior: Block
Fireplace: Living Room, Wood Burning
Fireplace Y/N: Yes
Flood Zone Code: X
Flooring: Parquet, Tile, Wood
Foundation: Pillar/Post/Pier, Stilt/On Piling
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional
Lot: Historic District, City Limits, Near Public Transit, Paved
Lot Dimensions: 0.29
Ownership: Fee Simple
Parking: Common, Driveway, On Street
Parking Notes: Common, Driveway, On Street
Patio/Porch: Front Porch, Rear Porch, Screened
Pets Allowed: Cats OK, Dogs OK, Yes
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Do Not Contact Tenants, Listing Agent Must Accompany, See Remarks, ShowingTime
Special Sale Provisions: None
Units: 4
Utilities: BB/HS Internet Available, Electricity Connected, Public, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: U2

Schools

High School: Gainesville High School-AL
Middle School: Westwood Middle School-AL
Elementary School: W. A. Metcalfe Elementary School-AL

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

See details and scored characteristics about this location.

Listing Office: FIRST CHOICE REALTY OF NORTH FLORIDA LLC



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